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A breach or correction of the ETH level triggers a wide-scale liquidation wave: revealing market concentration! The major price breakout is about to trigger a market liquidation! If ETH breaks the $2,425 level, centralized exchanges (CEX) are expected to close short positions worth $8.08 billion. This means many short positions will be forcibly closed, increasing market volatility and possibly pushing ETH's price higher. On the other hand, if ETH drops below the $2,210 level, long positions worth $3.32 billion will be liquidated. This could lead to a quick closure of long positions, putting downward pressure on ETH's price. The market is heavily focused on breaking these levels, as surpassing these two prices will determine the flow of funds and the short-term price trend.
#اربح10k @Fahirtaj